2007-01-10 14:09:58 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
get a job and pay your own bills. why should the rest of us bail you out?
2007-01-10 14:13:21 · answer #1 · answered by notmyrealname 3 · 1⤊ 0⤋
Contact a Bankruptcy Attorney! Be careful, be very careful! The new laws that went into effect in 2006 do not allow you to automatically get off the hook for your debt. Now you will have to work out a payment plan with the creditors. If you owe money to any of the credit card companies, a car loan, personal loan or many other types you will have to pay them back. Try to contact the companies on your own first. Try to negotiate with them. Many will eliminate the interest, reduce the amount you owe or set-up a payment plan. YOU HAVE TO BE FIRM AND CONVINCING with them. A bankruptcy on your credit report will prevent you from making major purchases such as furniture, housing or getting a JOB.
2007-01-10 22:20:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Before you declare bankruptcy, you need to do some research as to what you really are doing. Every time you apply for a loan or a job, you'll be asked if you've ever declared bankruptcy--you'll have to say yes. That alone puts up a red flag.
You don't get a loan when you declare bankruptcy. Most of your debts are "forgiven" to give you a clean slate.
However, that doesn't fix the problem. If you have a problem with debt, you need to address WHY you are in debt instead of going for a quick fix.
2007-01-10 22:14:05 · answer #3 · answered by FaZizzle 7 · 0⤊ 0⤋
Get a paralegal or lawyer to help you.
2007-01-10 22:13:28 · answer #4 · answered by The Notorious Doctor Zoom Zoom 6 · 0⤊ 0⤋
No, you contact a lawyer.
2007-01-10 22:12:54 · answer #5 · answered by Bored Enough To Be Here 6 · 1⤊ 1⤋
No and No.
2007-01-10 22:25:42 · answer #6 · answered by ? 3 · 0⤊ 0⤋